News by Vasantha Ganesan

 PHB’s list of investments now stands at 22 — from around 13 in 2014 — of which 18 developments have been completed.

They include two parcels in Jalan Ampang measuring 6.35 acres in total, a 25-acre tract in Ulu Klang near Bukit Antarabangsa and a 1.82-acre parcel in Desa Petaling.

Penang-based property developer Belleview Sdn Bhd is said to be seeking a buyer for its Aman Central shopping mall in Alor Setar, Kedah. The mall, touted as the largest in the state, which commenced operations on Oct 1 last year, has an occupancy rate of 95% and high visitor numbers.

After several delays, Middle Eastern retailer LuLu Group International is expected to commence operations of its first store in Malaysia in May or at the latest by early June, in time to capture the Hari Raya shoppers, said sources.

It was officially announced that two parties had made it to the final stage of the bidding and it was reported that the names include Tan Sri Lim Kang Ho’s Iskandar Waterfront Holdings Sdn Bhd in partnership with China Railway Construction Corp Ltd.

There were deals that set new records and those that drew in foreign investors. And there were some that sprang a surprise or raised eyebrows.

With a bleak prospect for the property sector and the hospitality segment showing signs of a slowdown, CHHB has initiated steps to improve its hospitality business.
 

It is learnt that several interested parties have viewed the 18-year-old, 496-room hotel, which is located in Bandar Hilir Melaka, not far from the popular historical sites of A’Famosa and The Stadthuys.

Addition of six new hotels, expansion of two existing ones will add 2,063 rooms

Ayer Keroh Resort Sdn Bhd, a company linked to Cheng, is looking for a buyer for its Tiara Melaka Golf & Country Club, sources say.